$4,680,000 - 41 Sprucewood Drive, Markham
Detached for Sale in Markham
98 days on market- MLS Number
- N12861526
- Property Type
- Detached
- Status
- active
- Days on Site
- 98
- Bedrooms
- 7
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Lot Size
- 16,000 sqft
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
Introducing Markham's premier gated dual residence estate. Over 7000 SF (5,500 SF Above Grade) of luxurious living space on a breathtaking 80 by 200-foot ravine lot. A rare architectural achievement, this remarkable estate redefines modern multigenerational living - two complete residences, seamlessly integrated under one roof with an uncompromising commitment to design and function.The main-floor residence spans 3,005 SF above grade, featuring a stunning open-concept layout complemented by a 1,498 SF finished lower level. This lower level space is thoughtfully designed for leisure and includes a kitchenette, full bath, generous storage and also has its own separate entrance. Above, the upper residence offers 2,540 SF of refined living - highlighted by three spacious bedrooms, 2.5 bathrooms, Sun-Filled Skylights and an expansive 453 SF private balcony overlooking the tranquil ravine and pool. Each residence has been masterfully appointed with 10" Ceilings, Floor to Ceiling Windows, Chef-inspired kitchens, premium integrated appliances, and bespoke cabinetry - capturing the essence of timeless luxury and modern sophistication. Additionally, this home is future-proofed w/an elevator rough-in, install anytime - no major construction needed. Built entirely new on the original foundation under Markham's innovative dual residence bylaw, the property features two private entrances - ensuring privacy and independence for extended families, multi-generational living, or owner-occupant investors seeking flexibility and value. Outdoors, resort-style amenities elevate every moment - a sparkling pool overlooking the ravine, a fully gated entrance, and parking for ten vehicles, including a two-car attached garage w/eight additional spaces. Whether you envision two distinct residences or one grand estate, 41 Sprucewood Drive embodies versatility, luxury, and elegance - a true sanctuary in one of Markham's most coveted locations.A world of magnificence awaits!
Estimate your monthly payments for this property
Estimated Payment
$20,701.22/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
41 Sprucewood Drive, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $936/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 98 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Markham are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Markham.
Bathroom Count Matters
With 7 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.